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INCOME TAX CALCULATION SHEET FOR FINANCIALYEAR 2015-16

POST
OFFICE & ADDRESS

H.R.A.

PAN
Apr-15
-

Parameters
Are You Residing at any Metro?
Total Contribution to GPF
Professional Tax deducted [u/s 16(ii)]
Assessee's Gender
Assessee's Date of Birth
TAX PAYABLE AFTER TDS
Exempted Allowance
House Rent All. [u/s 10(13A)]
Conveyance Allowance
Interest on Home Loan [u/s 24(2)]

Education Allowance
Leave Travel Allowance
MLWF / Other
Relief u/s 89 (i)
Total

mmmukhtar@gmail.com

May-15
-

Jun-15
-

No
0
0

0
0

Male

Not Applic
School Go
- Study in H
-

Con.All.

GSLI

TAN OF DEDUCTOR

NAME OF EMPLOYER

Heads / Pay Month> Mar-15


Basic Pay
Grade Pay
Total
Dearness Allowance
House Rent All.
C.L.A.
Conveyance All.
Other Allow./Arrears
Other Allow./Arrears
Total Salary
Tax Deducted
House Rent Paid
-

10%

0
100
300

Jul-15
-

DESIG.
Aug-15
-

Sep-15
-

Under Sec.80C
Head
Amount
G.P.F.
G.S.L.I.
Tuition Fees (For 2 child
Repay.of Home Loan (Pr
Total
Income from Other Sources
Agricultural Income
Interest on S.B.
A/c./P.O. R.D.
Interest on N.S.C.
From House Property

Oct-15
-

Nov-15
-

PLACE
Dec-15
-

Jan-16
-

Feb-16
-

Total
0
-

30%
Saving Details (Chapter VIA)
#VALUE!
20% Deduct. Amount Max.Lim Exm.Amt.
10% U/s.80C
- 150000
0% U/s.80CCC
1600 U/s.80CCD
50000
800 U/s.80CCD(1B)
50000
400 U/s.80D
25000
150 U/s.80U
75000
U/s.80DD
80000
240 U/s.80E
120 U/s.80G
60 U/s.80GG
24000
30 U/s.80TTA
10000
15 U/s
U/s
U/s
U/s
Total
-

Signature:
Name:
Designation:

STATEMENT SHOWING THE CALCULATION OF INCOME TAX TO


BE DEDUCTED
FOR THE FINANCIAL YEAR 2015-16 & ASSESSMENT YEAR 201617
From:

Gender:

Post:

PAN:

Male

0.00

To
The
0

Sub: Submission of statement for deduction of Income Tax for F.Y. 2015-16 & A.Y. 20
Sir,
I the undersigned submit herewith the Income Tax Statement for the Financial Year
2015-16 (Assessment Year 2016-17) for the purpose of deduction of Income Tax from my
current year's salary.
A. INCOME FROM SALARY:
1. Basic Pay

2. Grade Pay / D.P.

3. Total

4. D. A.

5. H.R.A.

6. C.L.A.

7. Conveyance Allowance

8. Other Allow. / Arrears

9. Other Allow. / Arrears

B. TOTAL SALARY INCOME

C. Less u/s. 10
Conveyance Allowance (u/s. 14)

Professional Tax (u/s. 16 (III))

House Rent All. exemption [u/s 10(13A)]

MLWF / Other

TOTAL

D. INCOME UNDER HEAD SALARY (B - C)

E. INCOME FROM HOUSE PROPERTY

LESS: INTEREST ON HOME LOAN U/S.24(2)

F. INCOME FROM OTHER SOURCES


From House Property

Interest on S.B. A/c./P.O. R.D.

Interest on N.S.C.

TOTAL
mmmukhtar@gmail.com

Page 2 of 7

G. GROSS TOTAL INCOME (D+E+F)

H. DEDUCTIONS UNDER CHAPTER VI-A


Section 80C
G.P.F.
G.S.L.I.
Tuition Fees (For 2 child.)
Repay.of Home Loan (Prin.Amt.)
0
0
0
0
0
U/s.80C, 80CCC, 80CCD (shall not exceed Rs.1,50,000)
U/s.80CCD(1B)
U/s.80D
U/s.80U
U/s.80DD
U/s.80E
U/s.80G
U/s.80GG
U/s.80TTA
U/s
U/s
TOTAL
TAXABLE INCOME (G - H)
I. TAX PAYABLE ON TOTAL INCOME
Payee Type > Male, Female, Sr. Citizen>60, Very Sr.
Citizen>80
250,000
0%
500,000
10%
1,000,000
20%
10,00,000+
30%
J.
Tax on Total Income
Tax Rebate u/s 87A Rs.2000/- if Taxable Income <= Rs.500
Total
Surcharge @ 12% on Tax if Income > Rs 1
12%
Total
Education Cess @ 3%
Total
K. LESS: RELIEF U/S. 89 (I) (Attach details)
L. TOTAL TAX LIABILITY
M. LESS: TAX ALREADY PAID (Upto February-2016)
N. BALANCE TAX PAYABLE / REFUNDABLE

###

Male
..
(-)
..
-..
-..
(-)
..
(-)
..

###
-

I, solemnly declare and undertake that the information given above is correct and complete.

mmmukhtar@gmail.com

Page 3 of 7

Place:
Date:

12/30/1899
2/7/2016

mmmukhtar@gmail.com

Signature:
Name:
Designation:

Page 4 of 7

FORM NO.16
[See rule 31 (i)(a)]
PART A
Certificate under section 203 of the Income-tax Act, 1961 for Tax Deducted at source on Salary
Name and address of the Employer
Name and Designation of the Employee
0%
0
0
0
PAN of the Dedutor
TAN of the Deductor
PAN of the Employee
0
0.00
CIT(TDS)
Assessment Year
Period
Address :
https://incometaxindiaefiling.gov.in/e-Filing/Services/KnowYourJurisdictionLink.html
From
To
2016-17
City :
PIN
01-Apr-2015
31-Mar-2016
Summary of tax deducted at source in respect of Deductee
Quarter
Quarter 1
Quarter 2
Quarter 3
Quarter 4

Receipt Numbers of original statements Amount of tax deducted in respect of emloyee


of TDS under sub-section (3) of section
200

Amount of tax deposited/remitted in


respect of the employee

0
0
0
0
Total
0
PART B (Refer Note 1)
DETAILS OF SALARY PAID AND ANY OTHER INCOME AND TAX DEDUCTED

1. Gross Salary
(a)
Salary as per provision contained in sec.17(1)
(b)
Value of perquisites u/s 17(2) (as per Form No. 12BB,
wherever applicable)
(c)
Profits in liew of salary under section 17(3)(as per
Form No.12BB, wherever applicable)
(d)
Total
2.
Less:Allowance to the extent exempt u/s 10
Allowance
Rs.
Convenyance Allowance
House Rent All. [u/s 10(13A)]
Less: Interest on Home Loan [u/s 24(2)]
MLWF / Other
3. Balance(1-2)
4. Deductions :
(a) Entertainment allowance
(b) Tax on employment
5 Aggregate of 4(a) and (b)
6 Income chargeable under the head 'salaries' (3-5)
7 Add: Any other income reported by the employee
Income
Rs.
From House Property
Agricultural Income
Interest on S.B. A/c./P.O. R.D.
Interest on N.S.C.
8 Gross total income (6+7)
9 Deductions under Chapter VIA
(A)
sections 80C,80CCC and 80CCD
(a) Section 80C
G.P.F.
G.S.L.I.
Tuition Fees (For 2 child.)
Repay.of Home Loan (Prin.Amt.)
0
0
0
0
0
(b) U/s.80CCC
(c) U/s.80CCD
Note:1. Aggregate amount deductible under section 80 C shall not
exceed Rs.1.50 lakh.
mmmukhtar@gmail.com

5/7

0
0
0
0
0

Gross Amount
-

Deductible
Amount

2. Aggregate amount deductible under the three sections,


i.e. 80C, 80CCC & 80CCD shall not exceed Rs.1.50 lakh.
(B)

Other sections (e.g.80E, 80G etc.) under Chapter VI-A


U/s.80CCD(1B)
U/s.80D
U/s.80U
U/s.80DD
U/s.80E
U/s.80G
U/s.80GG
U/s.80TTA
U/s
U/s

Gross Amount

Qualifying amount

Deduct. amount

10 Aggregate of deductible amount under Chapter VIA

11 Taxable Income (8-10)

12 Tax on Total Income


Tax Rebate u/s 87A Rs.2000/- if Taxable Income <= Rs.500000
Total
Surcharge @ 12% on Tax if Income > Rs 1 Crore
13 Education Cess @ 3%
14 Tax Payable
15 Less : Relief u/s 89(1) (Attach details)
Less : Tax already deducted (upto February-2016)
16 Tax Payable / Refundable

......
...

......
(-)

......
...
...
...
...
......

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...
(-)
(-)
......

VERIFICATION
#VALUE!

Place:
Date :

0
07-02-2016

Signature of person responsible for dedcution of tax


Full Name:
Designation:

ANNEXURE - B
DETAILS OF TAX DEDUCTED AND DEPOSITED IN THE CENTRAL GOVERNMENT ACCOUNT THROUGH CHALLAN
(The Employer to provide payment wise details of tax deducted and deposited with respect to the employee)
Sr. No. Tax Deposited in respect of the employee
Challan identification number (CIN)
(Rs.)
BSR Code of the
Date on which tax
Challan Serial Number
Bank Branch
deposited
(dd/mm/yyyy)
1
0
2
0
3
0
4
0
5
0
6
0
7
0
8
0
9
0
10
0
11
0
12
0
Total
0
Note: (1) In the column for TDS, give total amount for TDS, Surcharge (if applicable) and education cess.
mmmukhtar@gmail.com

6/7

H.R.A. CALCULATIONS
HOUSE RENT ALLOWANCE EXEMPTION U/S 10(13A)
Name:

Post:

Least of :-

(a)

Actual amount of H.R.A. received

(b)

Expenditure on rent in excess of 10% of


salary (including D.A.)
=
0
(-)
0

Hence House rent allowance exempt =


U/s 10 13(A)

(c)

40% of Salary (including D.A.)


0
0
The amount exempted for H.R.A. is
least of above (a), (b) or (c)

50% of Salary (including D.A.)

40% of Salary (including D.A.)

Signature
0

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